Ace Software Exports has successfully completed the acquisition of the remaining 8,900 equity shares, representing 1.38% of the fully diluted equity share capital of Ace Infoworld, for a total consideration of Rs 8.02 lakh. As a result, Ace Infoworld has now become wholly-owned subsidiary of the company. The acquisition has been completed on August 13, 2026, upon payment of the consideration for the acquisition of the shares.
The acquisition is intended to consolidate the company’s existing holding and acquire complete ownership and control of the entity. The acquisition is in line with the company’s existing IT and software business.
Ace Software Exports is mainly engaged in the business of creation of Database. The company has been active in catering to the outsourcing needs of publishers and other organizations.
